Singtel

More than 55 million shares of Bharti Airtel were traded through block deals, according to data from LSEG

Pastel Ltd, a Singtel-owned promoter entity, will sell Bharti Airtel shares worth Rs 10,300 crore at a 3.1% discount to Thursday's closing price as part of its debt-reduction plan

Reduces overall stake to 28.3 per cent by selling 71 million shares through Pastel Ltd at a 2.85 per cent discount to Airtel's previous closing price

Singtel reduces its Bharti Airtel stake from 29.5% to 28.3% after selling 71 million shares for $1.54 billion through its wholly owned unit Pastel

The Singapore-based telco currently holds a 29.5 per cent cumulative stake in Bharti Airtel through direct and indirect shareholding in promoter entities

The Competition Commission of India (CCI) on Tuesday cleared KKR-affiliate Ruby Asia Holdings II and Singtel's proposal to acquire a stake in STT GDC. ST Telemedia Global Data Centres (STT GDC) is a wholly-owned subsidiary of Singapore Technologies Telemedia. STT GDC through its indirect subsidiary STT Global Data Centres India Pvt Ltd (STT GDC India) provides critical services, including high-quality colocation, connectivity, and round-the-clock support services. Global investment firm KKR through its arm Ruby Asia Holdings II is acquiring a stake in the company. "Commission approves acquisition of shares of STT GDC Pte Ltd by Ruby Asia Holdings II Pte Ltd and Singtel Interactive Pte Ltd subject to compliance of certain voluntary commitments submitted by the parties," CCI said in a release. Singtel Interactive Pte (Singtel) is a wholly-owned subsidiary of Singtel Telecommunications Ltd. The Singtel Group is an Asian communications technology group, operating connectivity, digita

A deal could be sealed or announced in early June, the first source added

Exceptional items, like the divestment of a 3.3% stake in Airtel for SGD 2.25 billion in August last year, boosted net profit by SGD 172 million

Singapore Telecommunications on Thursday posted an 18.2% jump in third-quarter underlying profit, driven by stronger performance of its partly-owned Bharti Airtel

Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel's promoter Bharti Telecom Ltd, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel offloaded 9,40,00,000 shares, amounting to 1.59 per cent stake in the company. The shares were disposed of at an average price of Rs 772.5 apiece, taking the transaction value to Rs 7,261.50 crore. Pastel Ltd is a unit of Singapore Telecommunications Ltd (Singtel). Post this transaction, Pastel's shareholding in Bharti Airtel will decrease to 10.62 per cent from 12.21 per cent. At the end of the June quarter, Pastel held 13.84 per cent stake in the firm, shareholding data with the bourse showed. Bharti Group Chairman Sunil Bharti Mittal's family and Singtel are co-investors in Bharti Telecom Ltd (BTL). In early September, Singtel entities had jointly sold a 1.76 per cen

Singtel entities have jointly offloaded a 1.76 per cent stake in Bharti Airtel for about Rs 7,128 crore, according to sources. Bharti Airtel promoter Bharti Telecom Ltd has bought a 1.63 per cent stake from Singtel entity Pastel Ltd for Rs 6,602 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Bharti Telecom purchased 9,62,34,427 shares, amounting to a 1.63 per cent stake in the company. The shares were acquired at an average price of Rs 686 apiece, taking the transaction value to Rs 6,601.68 crore. The shares of Bharti Airtel Ltd were sold by Pastel Ltd, a unit of Singapore Telecommunications Ltd (Singtel). According to sources, Viridian also offloaded about 1 crore shares. "Singtel entities have jointly offloaded a total of 1.76 per cent shares on Wednesday. Bharti Telecom has acquired 96 million shares while public has acquired around 7 million shares offloaded by Singtel group firms. "Post this transa

Transaction to cost around Rs 12,900 crore; family currently owns 24.13% stake in Airtel

As per a media report, Mittals are in talks with some major banks like BNP Paribas, Bank of America, Citibank, JPMorgan, and Standard Chartered to raise over $2 billion

Singtel seeks to unlock value of regional associate companies

Singtel's effective stake in Bharti Airtel is 31.7 per cent. It holds a 49.44 per cent stake in Mittal family owned firm Bharti Telecom

Singapore Telecommunications, Southeast Asia's largest telecommunications operator, said it has bought a 16.3% stake in PT Bank Fama International for 500 billion rupiah ($34.9 million)

The cost of the transaction is "up to 6 million Singapore dollars, including the value of net assets, subject to customary closing adjustments", Infosys said in a regulatory filing

The company also credited the outstanding results to the improved performance of regional associates especially Bharti Airtel

The company almost halved its final dividend to 5.45 Singapore cents a share, down from 10.7 cents announced last year

Bharti Airtel subscribers comprise almost 58% of Singtel's global subscriber reach